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Ira Stoll

As an undergraduate taking economics I learned that raising the minimum wage led to increased unemployment. However, David Card and Alan Krueger have done work showing that the minimum wage increase in the 1990s had no disemployment effects. Bruce Caldwell has a really excellent discussion of this issue on pages 385 top 386 of his book Hayek’s Challenge, which I recommend.

Editor of and author of "Samuel Adams: A Life", Ira Stoll